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2019-01-18 10:40:00

RUSSIA WILL CUT FASTER

RUSSIA WILL CUT FASTER

BLOOMBERG - Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.

"Of course, we will try to make the cuts faster," Energy Minister Alexander Novak told reporters in Belgrade, Serbia. "We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on."

Novak's comments come just days after Saudi Energy Minister Khalid Al-Falih said Russia's production curbs have "started slower…

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Tags: RUSSIA, OPEC, OIL, PRODUCTION
Chronicle:
RUSSIA WILL CUT FASTER
2019, August, 19, 11:20:00
CHINA'S GREEN INVESTMENT $1 BLN
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2019, August, 19, 11:15:00
U.S. RIGS UP 1 TO 935
U.S. Rig Count is up 1 rig from last week to 935, with oil rigs up 6 to 770, gas rigs down 4 to 165, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 2 rigs from last week to 142, with oil rigs up 7 to 101 and gas rigs down 5 to 41.
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2019, August, 16, 10:35:00
U.S., RUSSIA SANCTIONS AGAIN
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2019, August, 16, 10:30:00
ZOHR GAS OUTPUT UP TO 11.3 BCM
In H1 2019, the production on the Zohr field amounted to 11.3 bcm of gas, which is 3.6 times more than in the same period last year.
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2019, August, 16, 10:25:00
U.S. GAS PRODUCTION UP
U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices
RUSSIA WILL CUT FASTER
2019, August, 16, 10:20:00
U.S. OIL INVENTORIES 440.5 BBL
At 440.5 million bbl, US crude oil inventories are 3% above the 5-year average for this time of year
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